Posts Tagged ‘family’
Can Retiree’s Checks Be Garnished?
Question: I am a retired Marine Corps colonel living in Sun City with my wife of 47 years. Several years ago, our son and his wife wanted to borrow money for landscaping and a swimming pool in their backyard. We wanted our grandchildren to have a nice backyard, so we co-signed on the loan. Our son…Read More
Adding Kids To Home’s Title May Be Unwise
Question: My husband and I have owned our home in Gilbert for more than 25 years. The home is free and clear. We are considering adding our two adult daughters to the title to our home, so that in the event of our deaths they could sell the home and use the sale proceeds to…Read More
Retired Son's Plan Puts Parents At Risk
Question: After my son’s wife died, he used the life insurance proceeds to pay off the mortgage on their Gilbert home, and my son took early retirement. My son now wants to take out a home equity line of credit on his home and use the HELOC funds to buy one or two small investment…Read More